Offerpad Solutions Inc-A 2025年度报告
Offerpad Solutions Inc. (NYSE: OPAD) is a digital real estate solutions platformdesigned to give homeowners more control, flexibility, and choice when sellinga home. Through four core solutions — Cash Offer, Cash Offer Marketplace,Brokerage Services, and Renovate — we support homeowners and partnersacross the home-selling process. Dear Valued Shareholders, Thank you for your continued support of Offerpad in 2025. It was a year of deliberate transformation, onein which we reshaped our business, expanded our platform, and positioned the company for sustainable,profitable growth. We entered 2025 with a clear conviction: the future of Offerpad is a multi-solution platform that serveshomeowners, agents, investors, and partners across every stage of the real estate transaction. Throughoutthe year, we executed against that conviction with discipline. We tightened our underwriting, streamlinedour operations, and focused our capital on the solutions that we believe have the potential to generatethe strongest returns. The result is a business that looks meaningfully different today than it did a year ago:leaner, more diversified, and built to perform across market cycles. Below are a few 2025 highlights: Expanded our operating model into a fully integrated platform of solutions, including Cash Offer,Cash Offer Marketplace, Brokerage Services, and RenovateSold nearly 1,600 homes and completed close to 1,500 third-party Renovate projects, generatingover $550 million in revenueGrew our Renovate business 50% year-over-year as it continues to emerge as a high-margin,capital-light growth engineDelivered our third consecutive year of net income improvementStrengthened our leadership team to support scale and focused execution across key business lines,with the addition of Chris Carpenter as Chief Operating Officer in 2025, and, more recently, RichFord, who joined in 2026 as Chief Strategy Officer & President of Cash Offer Marketplace Looking ahead, 2026 is about execution. We are focused on driving continued growth in our foundationalCash Offer business, while scaling our Cash Offer Marketplace, Brokerage Services and continuing themomentum in Renovate, all in support of returning the business to profitability. We have built the platform,we have built the team, and we have built the operating discipline. Now it is about delivering. I want to thank our team for the work they put in throughout 2025, our partners for their trust in what weare building, and our shareholders for your belief in the long-term value of this company. Sincerely, Who We Are Offerpad was founded in 2015 to reimagine the residential real estate experience through acombination of data-driven technology and deep industry expertise. Today, we operate as acomprehensive real estate solutions platform, serving sellers, buyers, agents, and partnersthrough an integrated suite of offerings. We provide multiple paths to buy and sell homes,including Cash Offer, Cash Offer Marketplace, Brokerage Services, and Renovate, deliveringa flexible and streamlined experience tailored to customer needs. Built on years of our own real estate experience and proprietary data across transactions, pricing,renovations, and homeowner behavior, we are enhancing our platform with AI-driven tools thatimprove efficiency and execution. At the center of this are our platforms, SCOUT and HENRY,which embed intelligence across stages of the transaction, which we believe enables a faster,more consistent operating model and strengthens our advantage as we scale. Our Commitment to Corporate Responsibility Offerpad is committed to acting responsibly and in accordance with the highest ethical standards.We believe our commitment to environmentally and socially responsible strategies benefits all ourstakeholders, including our customers, shareholders, team members, and communities. How we do things is as important as what we do. At Offerpad, our values guide our behaviortoward each other and toward our customers, partners, and communities. The conditionsaround us may change, but holding these values keeps us on the right course. Built on Cash Offer. Expanded Across Four Solutions. 2025 Results Corporate Information Directors Brian BairChairmanChief ExecutiveOfficer RyanO’HaraChief ExecutiveOfficerLikewizeCorporation Roberto SellaFounderLLFunds Donna CorleyFoVOEFSBOE$IJFG&YFDVUJWF0GGJDFSPG(VJEJOH4UBS"EWJTPSZ --$ Kenneth DeGiorgioFormerChief ExecutiveOfficerFirst American FinancialCorporation TelaGallagher Mathias Chief ExecutiveOfficerPhoenix BurstBOE$IJFG5FDIOPMPHZ0GGJDFSBU1IPFOJY5FBN ExecutiveOfficers Brian BairChairmanChief ExecutiveOfficer Peter KnagChief FinancialOfficer AdamMartinezChief LegalOfficer Stock Listing NYSEunder theticker“OPAD” Investor Relations Auditor of Record CortneyReadVP,IR& Communicationsinvestors@offerpad.com Deloitte & Touche LLP For more information about Offerpad please visitinvestor.offerpad.co